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22 June 2021

Square Launches $5M Bitcoin Fund to Promote Crypto Inclusion - Decrypt

Square Launches $5M Bitcoin Fund to Promote Crypto Inclusion - Decrypt


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Payment giant Square announced on Wednesday that it will be giving out $5 million in grants from a newly created "Bitcoin Endowment," and that it has selected Black Bitcoin Billionaire—a group that aims to bring Black people into crypto and provide wealth education—as its first recipient.

As of May, Square has purchased $240 million worth of Bitcoin to add to its corporate treasury, earning interest that has helped fund projects like its Bitcoin Endowment.

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